Employment report from Australia for June 2025
Employment Change +2.0K
Full-Time Employment -38.2K
prior +38.7KPart-Time Employment +40.2K
prior -41.1KUnemployment Rate 4.3%
expected 4.1%, prior 4.1%Participation Rate 67.1%, just off a record high
expected 67.0%, prior 67.0%Hours worked -0.9% m/m
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That jump in the unemployment rate should be enough to lock in an August rate cut from the Reserve Bank of Australia. Tightness in the labour market has been one of the reasons the bank has been slow with its cutting cycle.
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